Fairfax U/W profit soars to $471mn in Q4 despite $194mn cat losses
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Fairfax U/W profit soars to $471mn in Q4 despite $194mn cat losses


Fairfax Financial Group's earnings surged during the last quarter of the year as underwriting profits soared to $471mn from $167mn a year earlier, driving the firm’s earnings per share to $33.64 in the period from $32.68 in Q4 2020.

The Canadian conglomerate’s margins improved during the fourth quarter with its combined ratio falling to 88.1% from 95.5% thanks mostly to better Q4 margins at Brit, Crum & Forster and Allied World.


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